Gold Editorials & Commentary

By now, almost everyone who has any interests in the financial markets are aware that gold is at levels we have not seen for twenty five years. The question I often get asked by public readers is, is it too late to buy?

Since silver has recently risen so much in the past six months, from about $8 to as high as nearly $15/oz., it's time to review the fundamentals.  I will back up each point with a link, so that you don't have to trust me, but so you can confirm the facts, and d

What a week. Gold prices soared to their highest levels in 26 years, and the dollar collapse verses just about every other currency on the planet. Despite the fanfare, the Dow Jones dropped below 17 ounces of gold, off 15% thus far this year.

Dear Mr. Northwest:

The famous speech made by Sir Alan Greenspan actually took place in Dec 1996, when Nasdaq was at 1300, up a whopping 200% in six years.

The purpose of this update is to draw readers' attention to the performance of Silvercrest and its future upside potential.

Let this essay be more on a personal nature. In my writings, I have refrained in diction from using the word "I" throughout. On a couple occasions, descriptions of certain family background facts have been provided, things like that.

Gold and Silver ended the week on a very strong note, and the questions on many investors and traders minds include, of course, how much farther has this bull market run got to go, and could we see further acceleration from here?

On January 1 this year, I posted the following chart at various websites, titled "chart of the year".

*A trivial game of bluff. It is played using randomly picked currency from your wallet. The denomination does not matter.

Recent price spikes and increased volatility in gold and silver markets have many observers predicting a dramatic popping to what they claim to be a precious metals bubble.

Home page of NGX

The good news is:

Short term

Before we can even begin to discuss Interest rates intelligently, we must first define what it is that we are actually talking about, since it appears that all the talking Media Heads and Wall Street analysts don't seam to understand what interest are or how in

This week, as mortgage rates rose to their highest level in more than four years, real estate insiders reassured the public that higher interest rates would not hurt the housing market.

My preference in funds and ETFs over individual stocks are well known to all subscribers. Today was a very good example of why. It was a rehearsal and many more days like today will occur as long as this gold bull market continues.

Today, we had a severe correction in silver, as silver was down nearly 20%. But my portfolio of silver junior stocks was down only 3%.

Gold fell heavily today, and although it was a large one-day drop, it was not unreasonable given the size of the decline in silver and the rally in the dollar.

The New Deal Debunked

With the gold price past the $600 mark, many have asked how long the gold bull will run. Simply put, a long way.

In the financial markets, if there are equal numbers of buyers and sellers, prices would be flat. When buyers overwhelm sellers in a continuous basis, we have a bull market. When sellers overwhelm buyers, we have a bear market.

As long-time subscribers to www.clivemaund.com are aware, I have a marked tendency to recommend the sale of things that become extremely overbought, which is generally a reasonable

Our service is to provide entries and exits to the three sectors of metals, energy, and technology for both investors and traders, using funds and ETFs, for simple execution, low maintenance management, and most of all, diversification.

Trade war in my opinion coincides with erosion of sovereignty from decades of chronic inflation. Trade protection, even protection from foreign ownership of prized assets, are the manifestation of failed policies.

The financial markets have been hit by numerous shocks from the Middle East to Katrina, Rita, Wilma and now potential oil shocks stemming from political upheavals in Nigeria, Venezuela and Iran; but the real and so far unperceived risks to world markets is that

Having broken out upside from its 3-month long trading range, which was not expected in the last update, gold is now theoretically in position to continue to advance, and may end the current intermediate uptrend by staging a vertical blowoff move.

“Cassandra cried and cursed the unhappy hour,

Foretold our fate, but, by the god’s decree,

This week a Chinese banking official commented that China held too many dollars in reserve and that perhaps the bank should seek to reduce its exposure.

"Because of the long-term structural deficit in silver, stretching back to World War II, we have consumed inventories for more than 60 years."

-Ted Butler, "The Coming Silver Bubble"

A strong argument can be put forward as to why the equity markets "should" be collapsing and "should" be in a bear trend.